SIR Capital Management L.P. Purchases 291,439 Shares of Kinder Morgan, Inc. (NYSE:KMI)

SIR Capital Management L.P. increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 10.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,059,853 shares of the pipeline company’s stock after purchasing an additional 291,439 shares during the period. Kinder Morgan comprises about 6.0% of SIR Capital Management L.P.’s investment portfolio, making the stock its biggest holding. SIR Capital Management L.P.’s holdings in Kinder Morgan were worth $60,799,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. True Wealth Design LLC increased its holdings in shares of Kinder Morgan by 3,655.3% in the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 1,389 shares during the period. Pathway Financial Advisers LLC acquired a new position in Kinder Morgan in the 1st quarter valued at approximately $30,000. Redmont Wealth Advisors LLC purchased a new stake in Kinder Morgan in the 1st quarter worth approximately $31,000. OFI Invest Asset Management acquired a new stake in shares of Kinder Morgan during the 1st quarter valued at $31,000. Finally, AlphaMark Advisors LLC grew its holdings in shares of Kinder Morgan by 92.5% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,925 shares of the pipeline company’s stock valued at $38,000 after acquiring an additional 925 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Trading Down 0.0 %

Shares of KMI stock opened at $21.12 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $46.87 billion, a P/E ratio of 19.20, a P/E/G ratio of 2.94 and a beta of 0.93. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $21.86. The firm has a 50-day moving average price of $20.92 and a 200 day moving average price of $19.49.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.57 billion during the quarter, compared to analyst estimates of $4.13 billion. During the same period in the previous year, the firm earned $0.24 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. Research analysts forecast that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 annualized dividend and a yield of 5.45%. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

Insiders Place Their Bets

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the transaction, the vice president now directly owns 307,409 shares of the company’s stock, valued at $6,455,589. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the sale, the vice president now directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the transaction, the vice president now directly owns 25,169 shares in the company, valued at approximately $534,841.25. The disclosure for this sale can be found here. Insiders have sold a total of 148,311 shares of company stock valued at $3,121,891 in the last 90 days. 12.64% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on KMI shares. Royal Bank of Canada increased their price objective on Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 30th. Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. UBS Group increased their price objective on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. JPMorgan Chase & Co. lifted their target price on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $18.00 to $22.00 in a research report on Tuesday, June 4th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.20.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.